bucket shop


bucket shop
An illegal brokerage firm that accepts customer orders but does not attain immediate executions. A bucket shop broker promises the customer a certain price, but waits until a price discrepancy is present and the trade is advantageous to the firm and then keeps the difference as profit. Alternatively, the broker may never fill the customer's order but keep the money. Bloomberg Financial Dictionary

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bucket shop bucket shop shop1

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   A fraudulent brokerage selling overpriced shares with little underlying value. They usually operate by telephone sales, often from another country. Also known as a boiler room, a reference to the cheap premises from which such brokerages work. A bucket shop can also be a brokerage that accepts commissions to trade shares at a certain price, then carries out the order at a different price to its advantage, pocketing the difference.

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bucket shop UK US noun [C] INFORMAL
STOCK MARKET a dishonest or illegal company that buys and sells shares for customers: »

In the late eighties, bucket shops started to target people who were new to investing.

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bucket shop share dealers

UK COMMERCE a travel company that sells plane tickets at a low price: »

The company began life as a bucket shop selling surplus airline tickets at knock-down prices.

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bucket shop flights/fares/tickets


Financial and business terms. 2012.

Look at other dictionaries:

  • Bucket shop — refers to a particular type of fraudulent business:* Bucket shop (heraldry) * Bucket shop (stock market)The term is used as a pejorative colloquialism to refer to different kinds of businesses, indicating that the speaker believes it is a fraud… …   Wikipedia

  • bucket shop — An unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Bucket shops are… …   Law dictionary

  • Bucket shop — Buck et shop An office or a place where facilities are given for betting small sums on current prices of stocks, petroleum, etc. [Slang, U.S.] [1913 Webster] …   The Collaborative International Dictionary of English

  • bucket shop — n BrE informal a place that sells cheap plane tickets …   Dictionary of contemporary English

  • bucket shop — ► NOUN informal, derogatory 1) an unauthorized office speculating with the funds of unwitting investors. 2) Brit. a travel agency providing cheap air tickets …   English terms dictionary

  • bucket shop — ☆ bucket shop n. 1. a business involved in selling, chiefly by telephone solicitation, that uses high pressure sales tactics, fraudulent claims, etc. 2. Brit. an unlicensed travel agency which sells discounted airline tickets …   English World dictionary

  • Bucket Shop — 1. A fraudulent brokerage firm that uses aggressive telephone sales tactics to sell securities that the brokerage owns and wants to get rid of. The securities they sell are typically poor investment opportunities, and almost always penny stocks.… …   Investment dictionary

  • Bucket Shop — Der englische Begriff Bucket Shop bezieht sich auf eine Anzahl Geschäftsmodelle, die letzten Endes allesamt Betrug sind. Ursprüngliche Bedeutung Vornehmlich in Nordamerika gab es zum Ende des 19. und Anfang des 20. Jahrhunderts eine Art Wettbüro… …   Deutsch Wikipedia

  • bucket shop — noun 1. an unethical or overly aggressive brokerage firm • Hypernyms: ↑brokerage, ↑brokerage firm, ↑securities firm 2. (formerly) a cheap saloon selling liquor by the bucket • Hypernyms: ↑tavern, ↑tap house …   Useful english dictionary

  • bucket shop — UK / US noun [countable] Word forms bucket shop : singular bucket shop plural bucket shops British informal a cheap travel agent …   English dictionary